Putting your tax returns right

If something is wrong with your tax returns, we encourage you to tell us about it so that it can be corrected as soon as possible. This is called making a voluntary disclosure. Individuals and businesses can make a voluntary disclosure.

Incentives for making a voluntary disclosure

If we find errors in your tax returns, you could face significant penalties. It is best to tell us what is wrong with your tax returns before we find out in some other way. The benefits of making a voluntary disclosure are greater if you make a full and complete disclosure before being notified of a pending tax audit.

There are still some benefits if you wait until you're notified of an audit, but only if you make a full and complete disclosure before the audit actually begins.

The advantages of making a voluntary disclosure are:

you will not be prosecuted in court (if you make a pre-notification disclosure)